Francisco Partners to Acquire Jama Software For $1.2B
PORTLAND, Ore. and LONDON, March 18, 2024 /PRNewswire/ -- Jama Software®, an industry leading requirements management and traceability solution provider, announced today that Francisco Partners has entered into a definitive agreement to acquire the Company from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Marc Osofsky, Jama Software CEO, will personally reinvest and continue to lead the company.
- PORTLAND, Ore. and LONDON, March 18, 2024 /PRNewswire/ -- Jama Software ®, an industry leading requirements management and traceability solution provider, announced today that Francisco Partners has entered into a definitive agreement to acquire the Company from shareholders including Insight Partners and Madrona Ventures for $1.2 billion.
- "We are thrilled to work with Francisco Partners and leverage their expertise as we further accelerate our rapid expansion across enterprises, industries and continents", said Marc Osofsky, CEO, Jama Software.
- "As Jama Software embarks on their exciting new chapter of expansion and innovation, this acquisition by Francisco Partners reflects Jama Software's success and the Company's ability to consistently deliver exceptional value to customers worldwide."
- Evercore acted as the exclusive financial advisor to Jama Software and Insight Partners and Willkie Farr & Gallagher LLP acted as legal advisor.